One of the Assumptions Underlying the Production Possibilities Frontier or Curve

question 33

Multiple Choice

One of the assumptions underlying the production possibilities frontier or curve for any given economy is that:

• A) the state of technology changes.
• B) there is an unlimited supply of resources.
• C) there is full employment of resources when the economy is on the curve.
• D) goods can be produced outside the curve.

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Definitions:

Own Group

Own group refers to the social group or category to which an individual identifies as belonging, distinguishing them from other groups.

Unique Individuals

Persons who are distinctive and not like others due to their specific characteristics, experiences, or qualities.

Threats to Self-esteem

Events or circumstances that undermine an individual's sense of self-worth or confidence.

Outgroup Homogeneity

The tendency to view members of outside groups as more similar to each other than members of one's own group.